Ontario Community Newspapers

Porcupine Advance, 27 Feb 1930, 1, p. 2

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For Sure Results Try Our Want Ad. Column Thursday, Feb. 27th, 1930 THE TACTFUL HOSTESS SAVES THE SITUATION WHEN BRIDGE BEGINS TO "BURN" Put them in ... SNAP THE SWITCH ... T ake them out ... That‘s all there is to washing when you own an Why toil over a washboard when you can wash this easy way? End needless Pay Only work; save time; save your hands and back; save wear and tear on fabrics. $ 5,00 Put in an Electric Washer at $5.00 down with the balance spread over two years. Models to suit all needs and DOWII purses. Choose yours TODAY. Canada Northern Power Corporation, Limited NORTHERN ONTARIO POWER COMPANY. LIMITED GREAT NORTHERN POWER CORPORATION, LIMITED NORTHERN QUEBEC POWER COMPANY,. LIMITED ELECTRIC WASHER evening of Bridge as a round or two of Rowntree‘s delicious new tid bitâ€"York Milk Chocolate. It is so smooth, so distinctly better in flavour, that a true hostess will delight in the expressions of appreciation her guests indulge in. Butâ€"we warn you, there will be overbidding for York Milk Chocolate. Be sure you have plenty. NC)THING adds as much to the Ee e A‘ nâ€"’t‘fl‘ 0 #h 1 CONTROLLING AND OPERATNG , ..O' ¢|i$ % / Some weeks ago The Advance reâ€" printed an article from The Renfrew Mercury in reference to Renfrew mudturtle that was supposed to have made its way by water and portage from the Bonnchere river to the great North Land. So that the veracity of the Renfrew people in their home town might» not be questioned, The Mercury suggested that two former sons of Renâ€" frew now resident in the North were responsible for the story. Now, along comes a sort of sequel, or reâ€"action, or reflex, or what have you. Writing in his column "Here and There" in The Mercury last week W.J.S. (otherwise William J. Styles, often styled "Bill Styles," and also travelling in the minds of oldâ€"timers under the name of "Will Lee," which was his nom de plume for years), writes further as follows:â€" SETTING A DIFFICULT TASK FOR FRIENXND JOHN WADSWORTH "Mr. John A. Wadsworth started away from Renfrew for New Ontario charged by friends to make a thorâ€" ough investigation of that mudturtle story, which was to the effect that a turtle, plated and set loose in Renâ€" frew had been found in New Ontario waters. It had wandered from the rear of the Rochester block down Argyle street to the Bonnechere, down the Bonnechere to the Ottawa and thence up the OQttawa and other waters unâ€" til arriving at the point where Mr. Harold W. Kearney and Mr. William P. Gehan and Mr. Roland Sturdy now are. Although not an impossible feat it is regarded here as very improbable, but Messrs Kearney and Gehan have said that the thing happened. However doubting Thomases have arisen here, though all are ready to suspend judgâ€" ment until Mr. Wadsworth‘s return. That Raglan street tailor is away upon a two months‘ visit to New Ontario. He is there on business but will no daubt find time to look into that turtle matter very carefully. If another mudâ€" turtle has been substituted for the old one and a replica of the plate has been made and placed on the substitute‘s back, how could Mr. Wadsworth deâ€" tect the game? There‘s the difficulty." Toronto Mail and Empireâ€"At Lonâ€" don, Ontario, some of the unemployed are getting married. Well, what of it? Is life to hang up the shutters and go out of business because the King Govâ€" ernment is asleep at the switch? Toronto Mail and Empireâ€"Dr. D. S. Davidson is in search of "queer folks" and has traveled all over the earth. We can get the same results by staying right at home. And the "queer folks" the doctor discovered may have thought he was the queerest sort they had ever run across. THE PORCUPINE ADVANCE, TIMMINS, ONTARIO SX PROVINGES T0 ADOPT REGULATIONS ON STOGKS Heavier Penalties for Fraudulent Pracâ€" tices, Written Confirmation of Stock â€" Transactions and +â€"Prohibition of Trading Against Clients. Heavier penalties for fraudulent pracâ€" tices, written confirmation by brokers of stock transactions, prohibition of brokers trading against clients and new federal legislation granting wider power to provinces, are the features of the report of the recent stock brokerage conference issued last Wednesday night by Attorneyâ€"General Price and made public simultaneously is six Canadian provinces. Covering every phase and method of stock market and brokerage house operations, the recommendations will go far towards eliminating bucketing and other abuses, Col. Price asserted. "Officials of both the Toronto and Standard Stock Exchanges have agreed to revise and reform their regulations and constitutions and incorporate our recommendations," declared Col. Price. Simultaneously with the issuance of the report at Queen‘s Park last week, the other provinces affected made pubâ€" lic the findings of the conference. From one end of Canada to the other every province with the excpetion of New Brunswick, will have an act based on the Security Frauds Prevention Act and an indictable offence in one province will be an indictable offence in any of the other eight provinces. It was indicated by Attorneyâ€"General Price that the recommendations conâ€" tained in the report would be adopted by all the provinces with the exception of New Brunswick, which has legislaâ€" tion of a different nature. _ Although Nova Scotia and Prince Edward Isand were not represented at the conference, they have agreed to present <«bills to their respective legislatures containing the proposals of the conference. Other recommendations with an imâ€" portant bearing on methods of trading and regulation of stock exchanges are that when a stock is full§ paid up and neld by a client, it be segregated and held in trust for him; that a record be kept by all traders showing the stock position from day to day and that the price and the time of execution of an order be recorded. The most important proposal from the standpoint of regulating companies with Dominion charters, is that the Federal Government give the provinces power to proceed against such comâ€" panies when action is deemed warrantâ€" ed. "Experience only will show the method of curbing certain abuses and it is desirable that sufficient powers be given so that these things may be dealt with without the delays occaâ€" sioned by further amendments to the act," read a section of the report. "We have had to deal with provinces possessing only one exchange and some without exchanges," said Col. Price. ‘It can easily be seen that it was a diffiâ€" cult matter to recommend legislation suitable to all provinces" so involved as to be almost impossible to prove in the courts, the report statâ€" ed Under the amendment drafted and which will be sent on to the Dominion Government, the interpretation of bucâ€" keting would be enlarged and a broker convicted of the charge would be liable to seven years‘ imprisonment. To simplify what constitutes bucketing, the conference made it clear that if a brokâ€" er had less stock on hand than the orâ€" ders call for, he shall be deemed guilty of bucketing. j While the ordinary method of bucketâ€" ing, which is to refrain from buying stock ordered by a client, is comparaâ€" tively simple to follow up in a proseâ€" cution, other types of Rkucketing are In connection with trading regulaâ€" tions, the following amendment to the Security Frauds Prevention Act was recommended by the conference: "That if a broker who is carrying on marâ€" ginal transaction for a client, sells stocks of the same company in which the customer is dealing and if~ the effect of the sale is that the amount of the marginal collateral is reduced below the amount of securitiee which he should be carrying for all customâ€" ers, that the broker shall be guilty of an offence." In addition the customer may recovâ€" et all monies paid, together with interâ€" est. Aiming at tightening the present regulations covering trading on e°xâ€" changes, the conference recommended as an amendment to the act, that each broker shall send promptly to each customer, a written confirmation of each transaction, setting forth the quantity and description of the securiâ€" ty; the name of the person or company from, or to whom the security was bought or sold and the day, and in the case of a member of the stock exchange the halfâ€"hours between which the transaction was made. This latter clause is to do away with the type of brokerage which gives clients the low price for the day when selling and the high price for the day when buying. The amendment includes the folâ€" lowing: In addition to any legislation that may be enacted, the exchange should take all possible steps to preâ€" vent the practice of trading by brokâ€" ers directly or indirectly against the More careful listing of stocks is proâ€" posed by the conference. No stock should be listed until a thorough enâ€" quiry is made into the affairs of the company behind it. If the annual meetings are not held; if annual and adequate financial statemetns are not sent to shareholders and if full inforâ€" mation regarding the allotment, issue, sale and distribution of stock is not given to the exchange, the stock of that company should not be listed. URGING APPOINTMENT OF DR. McINNIS AS SENATOR In an editorial article last week The Northern Tribune, of Kapuskasing, says:â€"‘"To what extent are aspirants for senatorship expected to comproâ€" mise themselves as to future action beâ€" fore their names are put in the hat? It has been understood that Premier King has of late years exacted a sort of gentleman‘s undertaking from h‘s appointees to the upper chamber that they be amenable to the government‘s programme of senate reform, if, as and when introduced. Such.a system of nominal bargaining may be expected in connection with an appointive body, and is not specially subversive of the principles of responsible government if that were as far as things went. But when there is an active pursuit after vacant senatorships by large fields of aspirants, it is hard to say just where the line is drawn in undertakings exâ€" acted from appointees. Would it be morally right for the party organizaâ€" tion that holds the reins of power to ask any form of pledge of future conâ€" duct to be consistently adhered to, from life appointees? If that became the practice, the most pliant type of hack politicians would be chosen to sit in the Senate, for they would the more readily promise uniform good behavior toward their own party in return for the toga. The federal session is almost upon us, and Premier King has not yet filled his Senate vacancies. The North expects at least one seat to be awarded to this great area, vested in the person of one who is in every way qualified to represent its best interests without slavish regard to party. Dr. J. A. Mcâ€" Innis of Timmins appears to be the most popular choice, with qualifications equal to any in the field. Let‘s have accounts of their customers as this / practice has been the cause of many[ of the abuses in respect of which comâ€" paint is made. l These restrictions are in force in the New York stock exchanges and were recommended by Messrs Carkson and Edwards who visited the metropolis to secure information. Dealing with the regulation: of stock exchanges, the report said, as follows: "Be it resolved that this conference is of opinion that it is not expedient at the present time to recommend for enâ€" actment any specific legislation reguâ€" lating stock exchanges other than cerâ€" tain amendments to the Security Frauds Prevention Act or similar statâ€" utes, and amendments to the Criminal Code and the Dominion Companies Act, provided that the stock exchanges, where necessary will revise and reform their constitutions, byâ€"laws and organâ€" izations to such extent and in such manner as shall meet with the approvâ€" al of the provinces and will mainâ€" tain and enforce adequate regulations for the proper conduct of their busiâ€" ness and discipline of their members." Officials of the two local exchanges have already informed the Attorneyâ€" General that they will coâ€"operate with the government and adopt the recomâ€" mendations. Quebec, owing to its different civil law, will have a Security Frauds Act somewhat changed to that of the other provinces. It will, however, allow coâ€" operation with other provincial govâ€" ernments. The proposal to amend the Criminal Code, making every person guilty of an indictable offence liable to seven years‘ imprisonment, is ezpected to be passed by the federal government without any undue delay The fact that eight out of the nine provinces will petition for such an amendment makes. it most unlikely that it will be refused, it was stated. Copies of the report in rough form were sent to the provinces by air mail last Saturday night. The various governments had the weekâ€"end in which to consider the reâ€" port, Attorneyâ€"General Price explained. He paid a tribute to the intensive work of Arthur W. Rogers of the legal deâ€" partment, who acted as secretary for the conference. It was Mr. Rogers‘ task to prepare the report, a long and exhaustive work, Col. Price said. The fact that legislative sessicns are under way in nearly all the provinces would result in immediate consideraâ€" tion of the amendments and proposals, said the Attorneyâ€"General. as the occupant of the next tenement waddied by. "I don‘t call that respectâ€" able. There‘s Mrs. Flaherty walking about with a fresh black eye and her old man‘s been in jail for bootleggin‘ Drumhelier Mailâ€" "Look at that, sneered Mrs. Murphy to Mrs. O‘"Toole the| Barrie Examinerâ€" There is an old ions | Ssayving to the effect that misery loves iave | company. ‘This is probably the reason why so many people who got nipped in the stock market are glad to see thlSJ those brokers in the hands of the law. DEATH OF MRS. F. FAUTUGHT FORMERLY OF ENGLEHART A despatch from Sudbury last week says that very suddenly about one. o‘clock Wednesday morning, death reâ€" moved a wellâ€"known and respected reâ€" sident of Sudbury in the person of Mrs. Frances Faught. Death was due to headâ€"failure and was entirely unexâ€". pexted, coming as a great shock to reâ€" latives and friends. Mrs. Faught had returned only three weeks before from Hamilton, where she had been spendâ€" ing the winter with her son, Fred, the wellâ€"known hockey player. Mtrs. Faught, formerly Miss Frances Turner,, was born in Eganville 67 years ago. In 1881 she married S. J. Faught, roadmaster for the T. N. O. at North Bay, who predeceased her 13 years ago. She was a resident of Englehart for number of years, moving to North Bay in 1914 and to Sudbury four years later, where she has lived ever since. Surviving are one sister, Mrs. Elizabeth Smith, Grand Forks, North Dakota; two daughters, Mrs. Johnnie Davidson, Sudbury, and Mrs. A. Peden, Englehart; and five sons, Fred, ofâ€"Hamilton; Wilâ€" liam, of Sudbury; Tom and Bob, of Chapleau, and Jack, of Toronto. DRILLS CUT HIGHâ€"GRADE ON / 400â€"FT. LEVEL AT VIPOND The Northern Miner last week said: "Vipond Consolidated has encountered new ore in a section of the property not extensively worked which assays $22 across a width of four and half feet. This was had in a drill hole just below the 400â€"foot level. A drive toward it has been started and the new ore should be reached by the end of the month, as it only 80 or 90 feet away. This drive is on the 400â€"foot level. This ore indication may develop imporâ€" tance as it is probably an extension of Hollinger No. 44 vein, one of that mine‘s higher grade bodies which has been good for a few million dollars of production. Next week Vipond should cut on the 500â€"foot level its No. 426 vein, which is an extension of Holâ€" linger‘s No. 97. On the 400â€"foot level, Vipond has developed an oreshoot 175 feet in length, running about $8 across a width of nine feet on this vein. These recent developments put the property in an excellent ore position. They are not counted into the ore reserve, which stands at around $1,000,000 of ore in the central system. Vipond is one O# the best small mines in the country. It has made money through careful management year by year. At the preâ€" sent time it has $500,000 in cash on hand, in addition to its recent investâ€" ment of $250,000 cash in Huronian Mining and Finance Company. Earnâ€" ings are running at the rate of $25,000 to $30,000 monthly, net." According to word from North Bay last week the A. E. Moysey Co. office at North Bay will be closed, the bus:â€" ness there not warranting its continuâ€" ance. The Moysey office at> either Rouyn or Noranda will also likely be discontinued, these two offices being too close together for the total busiâ€" ness done. It is understood that the other branches of the firm will carry on as at present. Most people want a hot breakfast dish for a cold day. Shredded Wheat is deâ€" liciously warming when eaten with hot milk. Crisp the biscuits in the oven and pour hot milk over them. The flavory shreds retain enough crispness to enâ€" courage thorough chewingâ€"that‘s one reason it‘s so good for children. Delicious for any meal with fresh or stewed fruits. HEAT â€" Of Course ... you can serve it hot THE CANADIAN SHREDDED WHEAT COMPANY, LTD, If you have never tried Kruschenâ€"try it now at our expense. _ We hbave distributed a great many special " GIANT® packages which make it easy for you to prove our claim for 1. Ask your druggist for the new "GIANT " 7he. msin® ..A _AE kage. %ciaconsistoof our regular 75¢. bottle together with a aepunt,e trial bottleâ€"sufficient for uhout one week. Open the trial bottle first, put it to the test, and then, if not entirely eouvtnoed that Kruschen does ev thing we claim it to do, the regular bottle is still as good as new,. Take it back. _ Your druggist h authorised to retarn vyour 75¢c. immediat You have tried Km Geo. Taylor Hardware Ltd. WITH ALL THE BRAN OF THE WHOLE WHEAT Many people who are fully aware of the healthâ€"giving propertiee of Kruschen Salts have not yet heard of the wonderâ€" ful effects these Salts have in reducing unhealthy, excess fat. _ By their gentle action on the liver, kidneys and bowels they urge these organs to throw off the poisonous waste matters, which, if allowed to accumulate, form fatty deposits in the body. Read how this woman lost fat and gained health :â€" " I have taken Kruschen Salts every day for nearly a year, and I have not felt so weil for many years. My weight has dropped from 168 lbs, to 140 lbs. All my acquaintances say how much younger and better I look. I feel bright and well, whereas before I was always nervous and tired." Mrs. B Try taking Kruschen Salts every momâ€" ing in a glass of hot water before breakfast. Little by little the unheaithy accumulations of fat will slowly but surely disappear. A new feeling of health and vitality will followâ€"the years will fall away as your form takes on the slender lines of youth. WEIGHED 163 LBS. â€"NOW 140 LBS. How one woman lost fat and gained health Have your tubes tested reqularly 3J718N0O0HL 3801 SA LvÂ¥210GNI NOILMOLSIG Distributors

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